• Flowing the merger of BaoSteel and Wuhan Steel, AnSteel and Benxi Steel, two large iron and steel manufactures of Liaoning Province, are expected to be merged, according to vice chairman of the China Iron and Steel Association Chi Jing Dong
  • Sunshine Insurance Group, one of China’s leading insurers, denied takeover intentions after increasing its stake in China’s largest dairy firm Yili Industrial: FINTS
  • Huawei Technologies plans to assemble smartphones in India by the end of September: FINTS
  • Samsung Electronics said on Monday that a Galaxy Note 7 phone a Chinese user claimed caught on fire was damaged by external heating, seeking to assure customers in the world’s top smartphone market the devices being sold there are safe: FINTS
  • China’s tech giant Tencent Holdings teams up with Turner Asia-Pacific to developed 3D animated movie based on Tuzki, a popular illustrated bunny character which is featured in a variety of emoticons on QQ and WeChat: FINTS
  • Borrowing costs for the yuan in Hong Kong soared to an 8-month high on Monday as speculation grew of possible intervention form the Chinese central bank to hit short sellers of the currency: SCMP
  • A Shenzhen-based tech startup Pujiang Tech has developed and launched an app designed to combat the growing problem of Chinese phone scammers: SCMP
  • The chairman and chief executive of CLSA, the Hong Kong brokerage owned by Citic Securities, is tipping four sectors- technology, healthcare, domestic consumption and aerospace- as the key growth drivers of the Chinese economy: SCMP
  • Sunac China Holdings will buy property assets in mainland China for $2.1 billion from legend Holdings, in a deal that will see the parent of computer maker Lenovo exit the real estate development sector: Reuters
  • Protruly Technology Group said in a filing to Shanghai Stock Exchange that it will launch the world’s first VR cellphone in November: FINTS